HDB Resale Flat Price Index Up 4.5% In Q2

Source : The Business Times, July 25, 2008

Housing & Development Board's resale flat price index increased 4.5 per cent in Q2 2008 over the previous quarter, higher than the 3.7 per cent gain in Q1 2008.

Resale transactions increased by about 22 per cent, from about 6,360 cases in Q1 2008 to about 7,760 cases in Q2 2008.

The median cash-over-valuation (COV) amount of all resale transactions in Q2 2008 was $20,000, a slight dip compared with the COV of $21,000 in Q1 2008. -- KALPANA RASHIWALA, BT NEWSROOM